Just wrapped up a refi with Armco. Very seamless process, highly recommended. Thanks for the suggestion and help in this thread.
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What car are you looking for?
There are CUs who will do clear title loans.
You just need to keep looking and may need to settle for just an average rate.
Jetta GLI
10char
Credit Unions usually hold rates for 30-60 days. Some people here did take the risk of taking out the loan before the car arrived. Went well for them I think
got an official answer from Armco, rate is good as long as you take delivery by 4/30/23, after that it is .55% off current rates. Honestly I think that is really good on them considering the amount of volume they have right now.
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With approval by 2/28? Or even if you get approved later?
I got conditional approval on 2/14 so I am not entirely sure
Conditional approval pending membership acceptance?
yes, I just got my account number today
I uploaded my purchase agreement with Armco, and they were able to send me the doc for signing and wire the fund out on the same day, super fast.
Tips: pay the $20 for wiring, their check/mailing backed up too.
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Were you previously approved as a member? What was the general timeline for your application for memebership, loan application and approval, and funding?
I applied for the loan on 02/10, approved on 02/17, my account was applied for on 02/13, got my account number today 02/22. I think this was before they got crazy overloaded though, have you applied yet?
I called Gold Coast last Friday and they were very helpful walking me through my questions. The rep said that they offer 2.99% for 60 months on a new car or anything 2022 or newer with fewer than 5k miles. There’s an additional 0.25% discount if it’s a brand new car and another 0.25% if you put 20% down, resulting in a possible 2.49% loan for 60 months on a new car.
It’s a straight 2.49% for 36 months on a new car and 3.24% for 60 months on a used car (unless it’s a 2022 with fewer than 5k miles). The 20% down payment discount still applies here so that would make it 2.99% for 60 months on a used car.
I applied for membership that day online using the $5 donation route. The rep said I’d hear back in a few days asking for a picture of my driver’s license and some follow up questions, then once I was a member, I could apply for the loan.
However, the next day, while my fiancée and I were looking at Mazda CX-50s for her, we found one she loved and just took the Mazda Financial 0.9% for 36 months and $500 APR rebate offer. For what it’s worth, I still haven’t heard back about my membership a week later, but for those who have some time, this is probably a great route to go. We’ll need another car in a few months so hopefully they still have competitive offers.
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Thanks for sharing, I wonder how long until they get flooded, also nice username
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Yeah I was hoping to go all the way through the process and report back with a full timeline, but the Mazda offer was too tempting.
And thank you! 
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Has anyone applied for ‘AutoPay’ in last couple of days? It says ‘Rates as low as 2.99%’. Want to find out more before going through the whole application process if its bait-switch or genuine. TIA
I found following on some other forum;
‘After some research it seems AutoPay is just a site that searches for the best rates. They seem like a legit company but seems questionable if you can truly get 2.99.’
I just tried it for a fictional scenario (purchase a new 530i for $60,000) and this is what I got after they softed my credit report (perfect credit and virtually 0% DTI):
Changed the default down payment to > $20,000:
